Here are 5 top retail shares I would buy today

The retail industry has been going through a tough time of late with changing consumer habits and lower foot traffic. This has made life increasingly difficult for the likes of Godfreys Group Ltd (ASX: GFY) and Myer Holdings Ltd (ASX: MYR).

But not all retailers are struggling. In fact, the five retail shares listed below have very positive outlooks at present. Here’s why I think they are worth buying:

Accent Group Ltd (ASX: AX1)

This footwear retailer recently delivered an impressive half-year result despite the arrival of Amazon in Australia. I expect more of the same in the future thanks to the fact that a good portion of its revenue comes from licensed brands that no other retailer, Amazon included, can sell in Australia.

Baby Bunting Group Ltd (ASX: BBN)

This baby products retailer has been a victim of its own success this year and is suffering from the clearance sales of closing competitors. But with trading conditions now improving, I expect a strong profit result in FY 2019 and beyond as its wins the vacated market share.

Lovisa Holdings Ltd (ASX: LOV)

This fashion jewellery retailer is on fire at the moment and delivered an impressive half-year result last month. I think this strong run still has a lot of legs thanks to its international expansion plans, especially if it makes inroads in the lucrative U.S. market.

Noni B Limited (ASX: NBL)

I thought that this mature women’s fashion retailer delivered one of the best half-year results in the sector during earnings season when it posted revenue of $193.2 million and underlying EBITDA of $22.1 million. This was a 35.1% and 54.5% increase, respectively, on the prior corresponding period.

Premier Investments Limited (ASX: PMV)

Last week this retail conglomerate’s shares raced to a 52-week high after it posted record underlying earnings before interest and tax of $102.5 million, up 10.2% on the prior corresponding period. The main driver of this growth was its Smiggle and Peter Alexander brands once again. I believe Smiggle, in particular, has enormous growth potential that will allow the company to achieve similarly strong results in the future.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Premier Investments Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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